Business

Fortescue Metals

Fortescue Metals continues rail fight

Rebecca Le May Fortescue Metals Group Ltd says it remains hopeful it will gain access to rail owned by mining giant Rio Tinto Ltd in Western Australia's Pilbara region.

Fortescue upgrades Solomon estimate

Fortescue Metals Group Ltd has upgraded the estimate of iron ore at its Solomon Project by 300 million tonnes, allowing the miner to begin development.

Stocks to watch at close

Stocks to watch on the Australian stock exchange at close.

Nyrstar returns to the battle for CBH

Barry FitzGerald Control of CBH Resources is back to a battle between Nyrstar and Toho Zinc after Nyrstar returned with a greatly improved but highly conditional bid.

Stocks end higher for 8th straight day

The share market recorded its eighth straight session of gains to close higher after stronger than expected economic indicators turned around early losses.

Aboriginal business 2nd class in Pilbara

Andrea Hayward Aboriginal businesses are considered "second class and second rate" by big resource companies in WA's Pilbara region, an indigenous association says.

Aurox shares almost triple on Atlas bid

Iron Ore

Atlas Iron wants to buye Aurox to secure port capacity as it beefs up output to meet Chinese demand, sending the stock skyward.

Stocks flat as miners offset bank gains

The Australian share market closed flat after eight consecutive trading day gains, as weaker mining stocks offset a stronger financial sector.

Fortescue expansion plans to cost $9.7b

Iron ore producer Fortescue Metals Group has raised the production target at its planned 3rd mine and put a $9.71b price tag on a two-stage operation.

Fortescue's third mine to cost almost $10b

Fortescue Metals lifts the production target at its planned third mine and put a price tag of almost $10b on it.

Aussie shares end higher on modest gains

The Australian share market closed marginally higher after modest gains ahead of retail sales and consumer confidence figures from the US on Friday night.

Stocks to watch

Stocks of interest on the Australian Stock Exchange at the close of trade.

Climate changes for coking coal

Barry FitzGerald Queensland's big wet has helped drive spot prices for the steel-making raw material coking coal to $US220 a tonne, opening up a $US13 billion annual revenue gap on contract prices set almost a year...

Stocks to watch

Stocks of interest on the Australian stock exchange at noon.

Aussie stocks end higher on resources

The Australian share market closed marginally in the black after gains in the resources and energy sectors, ahead of US employment figures.

Stocks to watch

Stocks of interest on the Australian Stock Exchange at the close of trade.

Andrew Forrest tops Aussie rich list

Trevor Chappell Iron ore magnate Andrew Forrest has more than doubled his wealth to reclaim the title of the nation's richest person from gaming tycoon James Packer.

Stocks move up after see-saw session

The Australian share market closed higher after an up-and-down session where resources stocks firmed and banks ended mostly lower.

ACCC backs iron ore juniors on rail deal

Australia's competition watchdog has backed a group of junior iron ore producers that are seeking to collectively bargain for rail access in the Pilbara region.

Fortescue has work to do to prove target

Rebecca Le May Fortescue Metals Group has a lot of work to do to prove-up its 20 billion tonne iron ore resource estimate at its tenements in the Pilbara, an analyst says.